About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal: Argentina…
Despite misguided economic policies and rising geopolitical tensions, the long market expansion has prevailed. But times may be changing. With the Trump fiscal policies and rearmament, America is taking more debt than in decades, even though its sovereign debt now exceeds $21.2 trillion, or 106 percent of the GDP. As fiscal stimulus kicks in (read:…
Another Disappointing ISM Report The April non-manufacturing ISM PMI was 56.8 which missed expectations for 58.4. Just like the manufacturing ISM report, it even missed the low end of the range which was 57.3. I’m starting to look for some signs of green shoots in the economy, but we aren’t seeing any in the ISM…
After a slow start early this morning, natural gas prices attempted to rally with the June contract leading the whole strip higher from $2.7 to $2.77. The high of the day was set just after 9 AM Eastern on that price spike, however, with the strip gradually pulling down the June contract through the rest…
Sysco Corporation (SYY – Free Report) reported third-quarter fiscal 2018 results, wherein both top and bottom lines grew year over year and the latter surpassed the Zacks Consensus Estimate for the fourth consecutive quarter. In fact, Sysco’s impressive past record has helped it jump 16.3% in a year, as against the industry’s decline of 15.4%. Quarter in Detail Adjusted…
Interactive Brokers chief options strategist Steve Sosnick discusses the impact on the financial markets from the Institute for Supply Management’s (ISM’s) latest downbeat manufacturing figures and disappointing auto sales numbers.
Chinese e-commerce giant Alibaba Group (BABA – Free Report) reported fourth-quarter fiscal 2018 results before the opening bell yesterday wherein it surpassed both the earnings and revenue expectation and provided an upbeat fiscal revenue guidance. Earnings of 91 per ADS came in three cents above the Zacks Consensus Estimate. Revenues jumped 61% year over year to $9.87…
The Barchart Chart of the Day belongs to CareDx (CDNA). I found the medical services stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 3/23 the stock gained 24.74%. CareDx, Inc. is a commercial…
As you may have noticed, market volatility has begun to cool a bit in recent weeks. While we wouldn’t go as far as famed investor Jack Bogle did when he said recently that it’s the most volatile market he’s seen in his career, the action over the first few months of 2018 was certainly a lot more…
